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Innovation must retain a sense of humanity, says PepsiCo design chief Mauro Porcini. "The process is important, it is a tool -- like [a] brush is a tool for painting. But give a brush to Andy Warhol or Leonardo DaVinci and you'd see the outcome will be completely different," he says.

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Building a good design culture is vital because design touches on multiple areas of a company and its products while serving as a bridge between different corporate functions, says PepsiCo design chief Mauro Porcini. "When done well, design becomes a cultural interpreter and facilitator across the entire organization," he says.

The best team members aren't necessarily the most skilled, but rather those you can trust to be transparent, dedicated and responsible, argues Todd Hirneisen of the Maryland Air National Guard. "[T]rust throughout an organization, top to bottom and bottom to top, is the most important factor for organizations to perform at a high level," he writes.

The largest emerging markets are struggling to maintain growth, says Wharton management professor Mauro F. Guillen. Export markets are weakening, and countries such as Brazil and China are struggling to compensate by developing domestic markets. "What we see in many emerging economies, speaking broadly, is that the current model of growth is becoming exhausted," Guillen says.

PepsiCo is getting its first chief design officer with the addition of Mauro Porcini. Responsibilities will include package design, advertising, industrial design and digital. Porcini comes to PepsiCo from 3M, where he also headed up the design department.

The earthquake and tsunami in Japan and the floods in Thailand seriously disrupted global supply chains. Some multinationals have been more resilient than others, but the disruption has been bad news for just about everyone involved. "You never want to hear about the guys who run the supply chains for multinational companies," says consultant Bob Ferrari. "When you do, usually it means something really bad has happened."